Wednesday, February 8, 2012

More Strip Clubs, Private Jets and Ponzis

Why is it that every story about fraudsters has something like this in the story?
From Patrick Pretty.com (covering Ponzi schemes and internet crime):

...“Credit card and bank records show that Martin spent more than $1
million at a strip club and restaurants, nearly $1 million at elite
hotels and another $1 million renting flight time on private jets,”
prosecutors said. “He purchased a fleet of luxury vehicles, donated
hundreds of thousands of dollars to celebrity charity events, and hired
personal security guards to accompany him in public.”...

...According to court documents made public, Cook purchased a Rolls
Royce Silver Spur, a Maserati Quattroporte, a Hummer H2, a Jaguar
S-Type, a Mercedes-Benz, a heavily customized Audi S8, a 60-foot
houseboat (complete with a brass stripper pole), an island in Canada and
a two-person submarine...